Feb 20, 2013 3:00pm EST
this is a significant threat to the u.s. economy. take a listen. >> we know trade secrets can cripple a company's advantage in foreign markets and put american jobs in jeopardy and that strategy coordinates and improves u.s. government efforts to protect the u.s. economy and supports jobs in the united states. >> guys, that's it from here. they are talking about this very much as a jobs issue. back to you. >> eamon, thank you very much. we'll see you later. heading towards the close. setting lows again for the day right now, mandy. the dow is down 101 points. the markets spooked by the fed minutes that showed in the last meeting fed governors and bank presidents were beginning the discussion of when to pull back on some of the monetary easing that they have been going through for the last several years. >> looking here at the tweet from bill gross. many participants concerned about further asset purchases. >> macy's and j.c. penney duking it out in court over which department has the right to sell martha stewart branded products. find out which retailer's stock you're better off shopping for. >
Feb 21, 2013 3:00pm EST
, stimulus program, is fundamentally good for the u.s. economy because it can stand on its own two feet, but within the market, probably there's some more risk in the smaller, lower quality, more cyclical companies that have taken the lead over the last couple of quarters, so we, for example, see real opportunities in what we believe to be high-quality growth companies, companies like oracle, colgate palmolive or one of the world's leading strong gas companies, praxair. >> an eclectic mix there. david steinberg, how would you navigate what appears to be a change in market sentiment as it pertains to the fed right now? >> i think it's just a temporary situation. watch what the fed is doing, not what they are saying. it could could very well have been a trial balloon they are sending up to maneuver, you know, the mentality of, you know, the markets. bottom line, bond yields are too low to make any money. equities can navigate different environments over the lounge run, and the fed is in a tough box with fiscal miss management out of washington where it's at. i right now don't think they h
Feb 19, 2013 3:00pm EST
gasoline prices to be the big threat to the economy right now. >> i knew i should have filled up yesterday. this is going to keep going up. a pair of big earnings coming your way at the top of the hour. dell and herbalife both set to report. we'll have instant analysis of all those numbers right here on the "closing bell." >> before all that, let's check the markets here as we approach this final hour for the day. the dow jones industrial average up 45 points. just shy of the high of the day. about a third of the% higher at 13,426. nasdaq also strong and technology one of the winners. certainly the nasdaq up a half a percent and the s&p 500 looks like this. take a look. similar chart pattern, just shy of the high of the gain with a gain on the standard & poor's of nine points. >> the s&p coming off an historic week after ending a seventh weekly win, gain. the last time the index opened the year was seven consecutive weekly gains. was in 1967. plus, the dow right now is closing in on its all-time high. roughly we're a little less than 150 points away right now and holding above 14,000 so fa
Feb 22, 2013 3:00pm EST
will be pulled back. the biggest embarrassment now is if the stock market goes vertical and the economy doesn't, the fed in a way has to temper the pace of equity gains. >> don't want any bubbles anywhere? >> what about the suggestion that the federal reserve is going to start winding down qe3. you know, what does that create in terms of disruption in the market? are you expecting that to create a selloff? this is all coming together at a time when we're also worried about rates beginning to spike over sequestration and a credit problem this country has. >> it has to happen at some point. let's say sequestration does happen. that's bond bullish and might replace the buying that the fed might over-wise do. while you might have concern over the exit plan, we don't know what the supply is going to be. in other words, could you see yields go nowhere. >> bruce, we were talking about how defensive issues are relatively speaking outperforming right now. what do you want to buy if you're convinced that we're going to go higher here through the end of this year? what will lead us higher, do you think?